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First paragraph46 words

How does a Joint Life Annuity Work?

In the case of a joint-life annuity, money is paid to you until your demise and to your spouse until his or her ultimate demise. This arrangement gives you peace of mind that your loved one is financially secure even when you are not around.

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Second paragraph14 words

Seven Types of Annuity Plans

Joint life annuity: Annuities are paid until either you or your spouse is alive.